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China’s “Two Sessions” 2025 Government Policy Outlook Indicates Renewed Opportunities for Commercial Real Estate
Cushman & Wakefield Interpretation Report Highlights Five Areas of Opportunity for Real Estate Sectors
HONG KONG SAR – Media OutReach Newswire – 12 March 2025 – Global real estate services firm Cushman & Wakefield has released its China’s Two Sessions 2025: Interpreting the Government Work Report publication. The new study examines China’s economic development goals and policy directions for 2025 as outlined in the Report on the Work of the Government delivered by premier Li Qing, and highlights five key government tasks that will impact China’s commercial real estate market.
Sabrina Wei, Cushman & Wakefield’s Chief Policy Analyst and Head of Research, North China, said, “We should note that 2025 is the final year of the current Five-Year Plan period. In the objectives and policy measures stated in the new Government Work Report we see a focus on stabilizing expectations, expanding domestic demand, and accelerating green transition. As well, targets to implement more proactive fiscal policy, scientific and technological innovation, and revitalization of assets all inject new structural opportunities into commercial real estate.”
Boosting Consumption to Promote Retail Industry Expansion and Upgrading
The Government Work Report lists “vigorously boosting consumption” as the foremost major task for 2025. Given the uncertain external environment, tapping consumption potential and boosting domestic demand are viewed as crucial strategies to drive economic growth and to restore China’s economy to sustained healthy growth. China’s retail market is currently undergoing a period of change, where consumer pursuit of quality, social interaction, personalization and experience is becoming the mainstream. These demands are mandating retail operators to continue to grow and upgrade consumption scenarios.
Additionally, the expansion of infrastructure REITs to include consumer infrastructure has greatly stimulated investor interest in the retail industry. According to Cushman & Wakefield, commercial retail projects’ share of total real estate investment volume grew from 10% in 2023 to 14.85% in 2024 (Figure 1), and this trend is expected to further continue in 2025.
Figure 1: Comparison of property transaction volume by sector in the Chinese mainland capital market, 2023–2024
New Productive Forces and Technological Innovation to Aid Structural Recovery in Office Demand
The Government Work Report emphasizes the continued development of emerging industries such as commercial aerospace and the low-altitude economy, as well as the cultivation of future industries including biomanufacturing, quantum technology, AI, and 6G technology. The value of the low-altitude economy, for example, is forecast to reach RMB850 billion in 2025, with an average annual growth rate of more than 30%.
China’s high-tech industry has also begun to play a leading role on the global stage, with investors re-examining the value of Chinese technology companies. In the capital market, starting from the end of 2024, the performance of China’s top ten technology companies has been notable. The stock price of China’s top ten technology companies has grown by 57.39% from the end of 2023, as at the end of February 2025 (Figure 2).
Figure 2: Stock price growth trends of China’s top ten technology companies and the seven American giants (base as at the end of 2023)
Over the past two years, downward economic pressures have led to a drop in office leasing demand across the Chinese mainland. Office rents have fallen, and vacancy rates have risen in many cities. The government’s renewed efforts to promote development of the “platform economy” can effectively drive new employment and expand consumption. In turn, this will support growth in demand for office premises and industrial parks. In addition, in May 2024, the State Financial Supervision and Administration Bureau issued the Guidance on Banking and Insurance Industries Doing a Good Job in the Five Financial Tasks, which emphasized strengthening financial support for major national technological goals as well as for small and medium-sized technology enterprises. Cushman & Wakefield expects that office demand in the Chinese mainland through 2025 will grow compared to 2024, with office rental levels in some cities bottoming out and stabilizing in the second half of the year.
Special-Purpose Bonds to Accelerate Market Stabilization and Reactivation of Existing Assets
This year’s Government Work Report includes “ensure stability in the real estate market and the stock market” in the overall requirements and policy orientations for economic and social development. The detailed discussion on the real estate sector remains in the objective titled “Preventing and Defusing Risks in Key Areas.” Key points regarding real estate include continuing efforts to stabilize the property market, adjusting restrictive measures according to local conditions,
accelerating the renovation of urban villages and older housing, and fully releasing potential demand for first homes and improved housing.
The Government Work Report sets the allocation of local government special-purpose bonds at RMB4.4 trillion, an increase of RMB500 billion on last year. The funds raised from these special-purpose bonds are to be used for investment construction, land acquisitions and reserves, and the acquisition of existing unsold housing, as well as resolving local government arrears to enterprises. This policy signals a significant expansion in fiscal expenditure. Local governments’ use of special bond funds to acquire developer land and completed projects is seen as key to restoring normalcy in the real estate market.
Guangdong Province has taken the lead in the bond project, issuing RMB30.7 billion in land reserve special bonds to repurchase idle land. As at February 22, the first batch of projects planned for idle land recovery exceeded 220 sites, with a total planned reserve price of more than RMB43 billion. The model may be promoted nationwide. This will help to revitalize inefficient land use, effectively alleviate the financial pressure of real estate companies, reduce market supply, and stabilize housing market prices. Additionally, the repurposing of reserved land can be optimized for urban land use.
As the government pays greater attention to the commercial office market, developers are expected to increase efforts to revitalize and renovate unfinished office buildings, together with older and inefficient office properties constructed in non-core areas. These measures are expected to partially ease supply pressures in the commercial office market.
Encouraging Foreign Investment to Lift En-Bloc Property Market Activity
The Government Work Report reiterates the need to promote orderly opening up in the internet and cultural sectors, expand opening up pilots in telecommunications, healthcare, and education, encourage foreign investors to increase reinvestment, and support participation in upstream and downstream industrial chain collaboration. Ministry of Industry and Information Technology data reveals that, by the end of 2024, 2,343 foreign enterprises had been approved to operate telecommunications businesses in China. Additionally, the 2025 China Business Environment Survey Report from the American Chamber of Commerce in China shows that nearly 70% of consumer industry respondents expect to increase investment in China in 2025. This reflects multinational companies’ general willingness and confidence in continuing to invest in and to deepen their presence in China.
Accelerating the Green Transformation Brings ESG to the Center of Asset Value
The 2025 Government Work Report outlines a blueprint for China’s high-quality development, providing a clear development path for corporate ESG practices and innovation. Against the backdrop of low-carbon transformation, practicing ESG concepts to form the core competitiveness of enterprises is a strategic choice to further promote sustainable and high-quality development.
Sabrina Wei, Cushman & Wakefield’s Chief Policy Analyst and Head of Research, North China, added, “The 2025 Government Work Report will focus development strategies on the long-term transformation of China’s national economy, rather than short-term risk responses. In the light of uncertainty in the external environment, the Chinese government has expanded fiscal and monetary support. The ‘dual engines’ of consumption combined with scientific and technological innovation will drive the recovery of the overall commercial real estate market. We expect the retail sector to directly benefit from policy dividends, while office and industrial park demand will gradually stabilize, and overall market activity should recommence growth. Asset revitalization and comprehensive management capabilities will be key to overcoming cyclical challenges.”
Please click here to download the full report (Chinese language).Hashtag: #Cushman&Wakefield
The issuer is solely responsible for the content of this announcement.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (
https://www.linkedin.com/company/cushman-&-wakefield-greater-china).
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No Judgement, No Awkwardness: More Hongkongers Are Opening Up to AI for Mental Health Support
A newly completed Hong Kong study suggests there may finally be a way to bridge that gap. The AIM Greater China Psychology Research Group has completed a Hong Kong-based study conducted in the 2025–2026 academic year, comparing the effectiveness of human hypnotherapists against AI in delivering hypnotic experience-based stress relief experiences. The findings were striking: a significant proportion of participants felt that both approaches yielded virtually equivalent levels of relaxation — and more than 60% reported preferring their AI session after the fact.
Over 400 Applicants: A Reflection of a Generation in Need of Being Heard
The research team recruited participants experiencing family-related stress via Facebook. Within a short period of the post going live, over 400 individuals voluntarily applied — a figure that speaks not only to the pervasiveness of stress in modern life, but also to a growing willingness among the public to prioritise their own emotional wellbeing and actively seek self-care solutions.
From the applicant pool, 48 participants were randomly selected to take part. Each participant underwent two separate hypnotic experience stress relief audio sessions, each lasting approximately one hour — one recorded by a human hypnotherapist, and one fully generated by AI, including both the script and voice. Participants then compared their personal experiences of both sessions.
What Humans Can Do, AI Can Do Too
In the most critical area of comparison — stress relief effectiveness — the largest single group of participants (41.7%) rated the AI and human sessions as equally effective. On a scoring basis, the AI hypnotic experience averaged approximately 2.92 points, compared to 2.58 points for the human session — with AI coming out marginally ahead.
The study further found that nearly 90% of participants indicated they would enjoy a session if it genuinely helped them feel relaxed. In other words, what people truly care about is whether it works — not whether the voice behind it belongs to a human or a machine. On this front, AI has passed the test.
Over 60% More Willing to Share Their Feelings with AI
The results around personal preference were perhaps the most eye-opening. When asked which session they enjoyed more, 62.5% of participants chose the AI experience — and among women, that number climbed even higher, to 68.4%.
So what made AI the preferred choice? Researchers believe it comes down to one simple thing: feeling safe. With AI, there is no worry about being judged. No fear of saying the wrong thing. No awkwardness. About 1 in 4 participants said they actually found it easier to talk openly with AI — because it communicates in a way that feels clear, calm, and natural, much like everyday conversation.
The truth is, some things are just easier to say when no one is watching. That is not a flaw in human nature — it is simply how many of us work.
When it came to privacy, the findings were equally reassuring. More than half of all participants said they had no concerns about AI handling their personal information. Only a very small number — just 2.08% — said they felt uncomfortable. This points to a growing sense of trust in AI tools among the general public.
AI Reads the Data; Therapists Read the Person
Beyond the hypnotic experience itself, the local research team also evaluated AI’s capability as an analytical tool — with equally impressive results.
AI was able to rapidly process large volumes of participant responses, objectively assess individual stress levels, and identify underlying patterns. For instance, AI identified that 35% of participants independently expressed a desire for “personal space” or “better soundproofing” in their homes. On the surface, these may seem like trivial lifestyle concerns — yet AI connected this pattern to the reality of Hong Kong residents living in constrained spaces, highlighting a deeper psychological sense of having “nowhere to breathe”. This level of insight would be difficult to uncover through manual review of dozens of questionnaires alone.
AI also observed that many participants habitually occupied the role of “problem-solver” or “mediator” within their households, suppressing their own emotional needs in the process. Researchers noted that this reflects a widely recognised social phenomenon — the pressures faced by eldest daughters and the so-called “sandwich generation,” caught between the responsibilities of caring for ageing parents and raising children. AI’s ability to rapidly identify these hidden emotional burdens allows therapists to bypass lengthy preliminary assessments and focus more swiftly on the core issues that require their attention.
AI Is Here to Help, Not to Take Over
The local research team emphasises that the study was never intended to position AI as a replacement for human therapists. Rather, the aim is to explore how the two can work in tandem. Much like how blood test reports assist physicians in diagnosis, AI can play an analogous supporting role in the mental health field — organising data, identifying patterns, and lowering barriers to seeking help, so that mental health professionals can direct their energy towards the moments that truly require a human touch.
Those who proactively seek psychological support remain a minority, often deterred by the fear of inconvenience, social stigma, or the awkwardness of speaking up. If AI can serve as the bridge that encourages more people to take that first step, that alone may be its most meaningful contribution to society.
Hashtag: #HypnosisInstitute
The issuer is solely responsible for the content of this announcement.
About Hypnosis Institute
Hypnosis Institute is dedicated to helping people in Hong Kong lead healthier and more fulfilling lives through hypnotic experience. We offer accessible and practical hypnotic experience training programmes designed to integrate hypnotic techniques into everyday life, with a focus on stress management, emotional wellbeing, and personal growth.
Hypnosis Institute is Hong Kong’s only hypnotic experience professional development platform that simultaneously operates a research group, social innovation group, practical training group, crisis psychological support group, charitable initiatives, networking events, therapeutic services, and a comprehensive training pathway.
As the sole Hong Kong chapter of the Association for Integrative Medicine (AIM) in the United States, the sole overseas Hong Kong academy of UK educational institution Study House (Quality Licence Scheme), and the sole specialist hypnotic experience training school in Hong Kong under Cambridge International College in the United Kingdom, Hypnosis Institute provides internationally recognised qualifications that contribute to the advancement of the industry.
Founder Charles Leung is a trainer of trainers in the field of hypnotic experience, and has been specially appointed by the Association for Integrative Medicine as the Chief Instructor for Specialist hypnotic experience in Greater China. He has trained over 1,000 hypnotherapists and instructors, upholding the highest standards of professional development in the mental health field.
The Institute’s programmes integrate a comprehensive range of methodologies, including hypnotic experience combined with MBTI personality profiling, DISC behavioural analysis, mental health coaching, emotional education, and the HiddenMe Cards inner child tool — providing a holistic and personalised approach to hypnotic experience practice. Instructors specialise in paediatric hypnotic experience, Internal Family Systems (including inner child) hypnotic experience, stress and insomnia relief hypnotic experience, interpersonal relationship hypnotic experience, as well as hypnotic experience in reminiscence and palliative care.
Driven by the belief that everyone can harness the power of hypnotic experience to enhance their mental wellbeing, Hypnosis Institute is committed to sharing psychological knowledge and providing professional support in the areas of emotional management, life challenges, and the professional development of the hypnotic experience industry.
Follow us at hypnosisinstitute.com.hk,
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YouTube for the latest updates.
Media OutReach
Reimagining Capital: Inside BizPal Day 2026 and the Launch of CapitalOS
Held at deMori @ FCC Signature, the event featured a live platform demonstration, partner showcase, and networking sessions aimed at facilitating engagement between founders, advisors, and investors.
Introducing CapitalOS
CapitalOS, BizPal’s corporate finance platform, was presented through a live demonstration during the event. The system integrates operational, brand, and financial data into a structured framework designed to support investor readiness and due diligence.
According to BizPal, the platform is intended to help SMEs organise their business information into formats aligned with investor expectations, enabling clearer communication during fundraising discussions.
“SMEs should never walk into a funding conversation unsure of their numbers,” said Ms. Anya Tan, CEO of BizPal Malaysia.
MOUs Expand Distribution Network
The event also included the signing of Memoranda of Understanding between BizPal and two Malaysian partners, My Education Platform and VA Partners. Both organisations will serve as authorised distributors of BizPal’s education and advisory programmes across Malaysia.

The partnerships expand BizPal’s reach within the SME ecosystem by working with local organisations that support business development and capability building.
“Partnering with BizPal allows us to introduce structured, investor-ready methodologies to the SME community we serve,” said Mr. Jeff Lee, Director, My Education Platform.
A representative from VA Partners is expected to provide a statement following final endorsement.
Global Mentorship Exchange (GMX)
During the event, BizPal also presented the Global Mentorship Exchange (GMX), an ecosystem initiative designed to connect experienced business leaders with high-potential entrepreneurs.
The initiative provides a structured environment for mentorship supported by data-based evaluation and standardised assessment criteria aligned with investor expectations. GMX was first introduced during BizPal’s Data Fundraising Masterclass in December 2025 and was presented to a broader network of partners and investors at BizPal Day.
Next Steps
Following the event, BizPal plans to expand the adoption of CapitalOS and continue developing its partner network across Malaysia and the ASEAN region.
Hashtag: #NoDataNoTalk #DataFundraising #InvestorReady #CapitalReadiness #FinTech #BusinessValuation #ASEANSMEs #BizPalDay
https://www.bizpal.tech/
https://www.facebook.com/simplyfi.sg
The issuer is solely responsible for the content of this announcement.
About BizPal
BizPal provides data-driven corporate finance solutions designed to help ASEAN SMEs become investor-ready. Its platform, CapitalOS, integrates operational, strategic, and financial data into a unified system that supports business evaluation and investor engagement.
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Vinhomes Green Paradise Can Gio And IHG Hotels & Resorts Partner To Bring Four International Hotel Brands To The Coastal Mega Urban Development
Under the agreement, IHG will develop four hotels with a total of more than 1,000 rooms at Vinhomes Green Paradise Can Gio, including InterContinental Saigon Can Gio with 400 rooms, Crowne Plaza Saigon Can Gio with 400 rooms, Holiday Inn Express Saigon Can Gio with 130 rooms, and Garner Saigon Can Gio with 130 rooms.
InterContinental Saigon Can Gio, a world-renowned luxury brand, will deliver premium hospitality experiences tailored to international travelers and domestic guests seeking high-end accommodation. Crowne Plaza Saigon Can Gio, one of the largest upscale hotel brands globally, will cater to frequent travelers with modern, flexible spaces designed to optimize productivity and foster connections.
Holiday Inn Express Saigon Can Gio and Garner Saigon Can Gio will expand the destination’s accommodation offering with efficient, high-quality stays focused on value, making the development more accessible to a broader range of guests. This also marks the official debut of both brands in the Vietnamese market.
According to the development timeline, Holiday Inn Express Saigon Can Gio and Garner Saigon Can Gio are expected to open in 2028, followed by InterContinental Saigon Can Gio and Crowne Plaza Saigon Can Gio in 2030.
In this partnership, Vinpearl, a member of Vingroup, will act as the project operator and lead the collaboration with IHG Hotels & Resorts, while coordinating with all stakeholders throughout the development and operational phases.
Together with Vinpearl’s world-class hospitality brand, the addition of four premium IHG hotels will help realize a 7,000-room accommodation ecosystem at Vinhomes Green Paradise Can Gio, meeting the growing demand for extended stays and diverse experiences year-round in Can Gio and Ho Chi Minh City.
Complementing the hospitality offering, a series of large-scale entertainment and resort facilities unique to Vinhomes Green Paradise Can Gio will further elevate the destination. These include the 122-hectare VinWonders theme park featuring the world’s tallest artificial snow mountain and nearly 200 attractions, the 5,000-seat Blue Waves Theater, the 800-hectare Paradise Lagoon, the five-star international cruise port Landmark Harbour, and two 18-hole international-standard golf courses. Together, these developments aim to position Can Gio as a globally-recognized tourism and resort hub, targeting 40 million visitors annually and standing alongside leading destinations in Vietnam and worldwide.
Mr. Rajit Sukumaran, Senior Vice President and Managing Director, East Asia & Pacific, IHG Hotels & Resorts, said: “This agreement marks the beginning of a strategic partnership between IHG and Vingroup. Bringing four of our standout brands to Vinhomes Green Paradise Can Gio reflects the diversity of our portfolio, as well as our strong commitment to supporting Vietnam’s goal of becoming a leading global tourism destination. With brands spanning multiple segments, we believe this collaboration will help create an integrated hospitality ecosystem that meets the diverse needs of travelers at one of Vietnam’s most significant developments.”
Ms. Ngo Thi Huong, Chief Executive Officer of Vinpearl Joint Stock Company, said: “We selected IHG not only for its global brand portfolio but also for its proven operational expertise across international markets. Introducing InterContinental, Crowne Plaza, Holiday Inn Express, and Garner to Vinhomes Green Paradise Can Gio is a key step in completing our service structure and establishing international operating standards for the mega project’s hotel system. With this partnership as a foundation, we believe Vinhomes Green Paradise will progressively emerge as a world-class destination, where a fully integrated ecosystem continues to enhance its appeal to residents and both domestic and international visitors.”
Vinhomes Green Paradise is located in the southeastern part of Ho Chi Minh City. Construction began on April 19, 2025, with a total area of 2,870 hectares. The development features three sides facing the sea and is adjacent to the Can Gio Mangrove Biosphere Reserve, a UNESCO-recognized site. The project is being developed to leading ESG++ standards, integrating green, smart, ecological, and regenerative principles.
The development benefits from a well-connected transport infrastructure network, including the Ben Thanh – Can Gio high-speed railway, which will reduce travel time from central Ho Chi Minh City to just 13 minutes, the Can Gio Bridge, the interchange connecting Rung Sac Road with the Ben Luc – Long Thanh Expressway, and the Can Gio – Vung Tau sea-crossing route, enabling travel between two major tourism hubs in just 10 minutes.
With a diverse range of accommodation options, internationally-standardized hotel systems, and a wide array of cultural, artistic, sports, and entertainment facilities aligned with green, smart, and community-friendly principles, Vinhomes Green Paradise Can Gio stands out as a rare mega urban development that both sets new benchmarks for ESG living and delivers a world-class tourism and resort experience.
Hashtag: #Vinhomes
The issuer is solely responsible for the content of this announcement.
About IHG Hotels & Resorts:
IHG Hotels & Resorts is a global hospitality company with a portfolio of 21 brands and IHG One Rewards, one of the world’s largest hotel loyalty programs with over 160 million members. IHG currently franchises, leases, manages, or owns more than 6,900 hotels across over 100 countries, with more than 2,300 hotels in its development pipeline.
IHG’s brand portfolio spans Luxury & Lifestyle, Premium, Essentials, and Suites segments, including well-known brands such as Six Senses, Regent, InterContinental, Crowne Plaza, Holiday Inn Express, Garner, Staybridge Suites, and Candlewood Suites.
About Vinhomes
Vinhomes is Vietnam’s leading real estate developer, pioneering the development of large-scale, well-planned urban areas with integrated amenities, green living environments, and modern lifestyles. In addition to 36 urban developments currently in operation nationwide, Vinhomes continues to focus on building next-generation mega and super urban developments of regional scale and significance, aspiring to create some of the most livable cities in the world while significantly transforming Vietnam’s urban landscape.
For more information, please visit
https://vinhomes.vn/vi
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